Slight improvement likely in June preliminary global manufacturing confidence

Jun 23, 2015 16:27 pm UTC| Commentary

In the US, the flash PMI points to a slight deceleration in the pact of manufacturing activity expansion, as the headline dropped to 53.4 from a final 54.0 reading in May. That said, manufacturing new orders actually...

There is still room for U.S. home sales to move higher

Jun 23, 2015 16:14 pm UTC| Commentary

U.S. new home sales had some sizzle in May, rising for the 2nd consecutive month. Sales grew 2.2% in the month to 546,000 units annualized, the highest since February 2008. There were sizeable upward revisions to the three...

JPY review

Jun 23, 2015 16:08 pm UTC| Commentary

Western Union notes:The yen flirted with one-week lows as ascending U.S. yields weighed, along with upbeat market confidence in a Greek deal for more aid which sapped appetite for lower-yielding, safer plays. Rising U.S....

CAD review

Jun 23, 2015 16:07 pm UTC| Commentary

Western Union notes:The loonie slipped to two-week lows, weighed down by a resurgent U.S. dollar and slumping oil prices which tipped back below $60. An absence of Canadian data this week should see the loonie take its...

USD review

Jun 23, 2015 16:06 pm UTC| Commentary

Western Union notes:The dollar got a fundamental boost in constructive U.S. data this week which sent it to two-week highs against the euro. Existing home sales rose at the fastest rate in years while a gauge of business...

Data indicate U.S. economic activity will re-accelerate in Q2

Jun 23, 2015 15:02 pm UTC| Commentary

A solid employment report showed that 280,000 jobs were added in U.S. in May, while strong retail sales and a rise in consumer sentiment suggest that consumers are finally spending some of the windfall from previous oil...

Euro vulnerable to the downside in the near term

Jun 23, 2015 14:45 pm UTC| Commentary

The euro has remained remarkably resilient over the past month in the face of the uncertainties surrounding Greece. Peripheral bond spreads outside of Greece have widened limitedly and remain significantly narrower than in...